Mining Roundup

2 February 2016 | 16:12pm

StockMarketWire.com - ZincOx's [LON:ZOX] shares jumped after it raised GBP205,000 through a conditional placing of 20.5m shares at 1p each before expenses. Proceeds are anticipated to be used for working capital to support management exploration of options to develop RHF and CML technology outside South Korea.

* * *

Red Rock Resources [LON:RRR] has been informed by Northcote Energy of the completion of infrastructure upgrades at the Shoats Creek Field, Louisiana, and the start of production operations at the LM20 well in which Red Rock has a 20% working interest.

At the LM#20 well, production operations are now commencing and the production rate will be reported in due course after rates have stabilised.

Further to the announcements of 20 January 2016 and 27 November 2015, infrastructure work now completed at Shoats Creek includes:

- Installation of 5,400 barrel oil and water storage tanks with room for incremental additions as production grows in the course of drilling additional wells

- Installation of high and low pressure separators, heating, flare stacks and other necessary production equipment

- Installation of associated pump and pipeline work

* * *

SolGold [LON:SOLG] has issued an exploration update on its Cascabel copper-gold porphyry project in Ecuador.

- Alpala trend extended by 200m to the north west and now drill defined over 600m length.

- CSD-15-014 ("Hole 14") completed on 17th January 2016 at 1857.0m testing the eastern flank of the Alpala Central deposit, and intersected mineralised porphyry intrusions from 669.0m to 1176.0m. Assay results expected in February 2016.

- CSD-15-015 ("Hole 15") currently at 1048.4m, delayed due to technical issues, being addressed by the contractor. Hole 15 targets extensions of the Alpala Central deposit to the north east and at depth. Drilling intersected mineralised porphyry from 870.3m to its current depth of 1048.4m.

- CSD-16-016 ("Hole 16") commenced on 25th January 2016 from the same drill site as Hole 14. Hole 16 has to date intersected volcanics containing fine-grained copper sulphide mineralisation and weak veining, from surface to its current depth of 179.2m. Hole 16 is planned to extend the Alpala Central deposit by 100m to the southeast of the world class Hole 12 intersection of 1312m @ 0.67 % copper and 0.63 g/t gold.

* * *

Rambler Metals and Mining [LON:RMM] has reported that, in relation to the closing of the previously announced acquisition of Thundermin Resources, the Company will issue 1,614,981 shares of 1 pence each of the Company.

The shares are being issued in lieu of payment in accordance with the change of control provisions for Thundermin Employees.

* * *

Patagonia Gold [LON:PGD] has executed an option agreement to acquire up to 100% of Trilogy Mining Corporations's Quemada and Chamizo gold projects in Uruguay.

Patagonia believes this transaction represents an excellent opportunity to acquire additional gold projects with good geological potential in a new jurisdiction, enabling the Company to diversify its geographical and political risk.

Shares puts on free Investor Events throughout the year across the country. They provide an opportunity for investors to learn more about companies on the stock market and hear from a range of investment experts including fund managers and Shares journalists.